The ASEAN Valuers Association was constituted in June 1981 with Malaysia, Indonesia, Philippines, Singapore, Thailand, Brunei, Vietnam, and Cambodia as members. A cong ress and general assembly are held every year and are rotated amongst the country members.

The objectives of AVA are to promote closer relations, co-operation and mutual understanding amongst valuer and allied professionals in ASEAN; provide organizational framework for regional co-operation in the study and research in the harmonization of relevant fields of valuation amongst ASEAN countries; and to co-operate with international, regional, national, and other organizations in the furtherance of the objectives.